Summit Securities Group LLC Invests $37,000 in Ziff Davis, Inc. (NASDAQ:ZD)

Summit Securities Group LLC bought a new position in shares of Ziff Davis, Inc. (NASDAQ:ZD) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 689 shares of the technology company’s stock, valued at approximately $37,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Millstone Evans Group LLC purchased a new stake in shares of Ziff Davis in the fourth quarter worth about $35,000. Wilmington Savings Fund Society FSB purchased a new position in Ziff Davis in the 3rd quarter worth approximately $37,000. First Horizon Advisors Inc. raised its stake in shares of Ziff Davis by 42.9% during the fourth quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company’s stock valued at $47,000 after purchasing an additional 260 shares during the period. TD Private Client Wealth LLC raised its stake in shares of Ziff Davis by 19.2% during the third quarter. TD Private Client Wealth LLC now owns 1,549 shares of the technology company’s stock valued at $75,000 after purchasing an additional 249 shares during the period. Finally, Central Pacific Bank Trust Division boosted its stake in shares of Ziff Davis by 17.9% in the fourth quarter. Central Pacific Bank Trust Division now owns 3,220 shares of the technology company’s stock valued at $175,000 after purchasing an additional 490 shares during the period. Institutional investors and hedge funds own 99.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ZD shares. JPMorgan Chase & Co. dropped their price target on shares of Ziff Davis from $70.00 to $60.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. Citigroup dropped their target price on Ziff Davis from $58.00 to $52.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Finally, UBS Group reduced their price target on Ziff Davis from $65.00 to $56.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $65.67.

Ziff Davis Stock Down 7.2 %

NASDAQ:ZD opened at $38.15 on Monday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 32.33 and a beta of 1.42. Ziff Davis, Inc. has a one year low of $37.62 and a one year high of $63.41. The stock has a 50-day simple moving average of $47.20 and a 200 day simple moving average of $50.53.

Insider Transactions at Ziff Davis

In related news, Director W Brian Kretzmer acquired 653 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average cost of $38.33 per share, for a total transaction of $25,029.49. Following the purchase, the director now directly owns 12,968 shares in the company, valued at $497,063.44. This represents a 5.30 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Sarah Ann Fay bought 1,282 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was bought at an average price of $39.00 per share, for a total transaction of $49,998.00. Following the completion of the purchase, the director now directly owns 18,655 shares of the company’s stock, valued at $727,545. The trade was a 7.38 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders bought 5,028 shares of company stock worth $198,024. 2.08% of the stock is currently owned by corporate insiders.

Ziff Davis Company Profile

Ziff Davis, Inc, together with its subsidiaries, operates as a digital media and internet company in the United States and internationally. The company offers PCMag, an online resource for laboratory-based product reviews, technology news, buying guides, and research papers; Mashable for publishing technology and culture content; Spiceworks Ziff Davis provides digital content of IT products and services; retailMeNot, a savings destination platform; Offers.com, a coupon and deals website; and event-based properties, including BlackFriday.com, TheBlackFriday.com, BestBlackFriday.com, and DealsofAmerica.com.